News
Markerstudy sponsors Aon at the WTCC
Markerstudy Group has confirmed its sponsorship of team Aon in the 2012 FIA World Touring Car Championships.
NIG snatches Saif Insure underwriting contract from Axa
NIG has won the tender to underwrite the insurance for the Saif Insure scheme of London-based broker Lark.
Independent Group snaps up former Cunningham Lindsay man
The Independent Group has appointed ex-Cunningham Lindsey head of client management at Oriel Services Scott Robinson to lead the development of its building surveying and validation arm.
Lloyd's Solvency II July date will prevent FSA "application gaps"
Lloyd's has hit back at claims it is "struggling" to prepare its Solvency II internal model submission for the Financial Services Authority, stating the new July date ensures "no gaps in the applications".
Direct Line vows to improve amid soaring industry complaints
Direct Line Group has promised to build on the momentum it created in cutting customer complaints by 16% in the second half of 2011, despite FSA figures showing a 49% rise in the number of general insurance grievances.
NFU Mutual boss 'cleared the decks' to achieve 2011 success
NFU Mutual boss Lindsay Sinclair has labelled 2011 as "the year of cleaning the ship" after scrapping unprofitable non-farming motor business where loss ratios ran as high as 120%.
Vericlaim raids Garwyn to make senior appointment
Nick Patterson, previously commercial director at the Garwyn Group, has joined the senior management team at VRS Vericlaim.
Premium Credit launches online self-service offering
Bosses at Premium Credit are hoping to cut down on administration for brokers by enabling personal premium finance customers to manage their accounts online.
CCR removed from negative review after eurozone developments
State-owned Caisse Centrale de Reassurance has had its A++ financial strength rating and AA+ issuer credit rating removed from review by AM Best.
EL trigger litigation: ABI "pleased" with judgment
Association of British Insurers said strict timelines could be underpinned by an online mesothelioma portal to improve the efficiency of the claims process.
EL trigger litigation: 'Live' insurer reponse
Zurich has applauded today's Supreme Court decision, which has deemed that all employers' liability policies should be interpreted on a causation basis.
Lumley Jacobs secures forensic coding deal with Tradewise
Non-risk and ancillary income specialist Lumley Jacobs has signed a deal with motor trade insurer Tradewise to supply forensic coding to the company’s motor trade and commercial vehicle business.
Insurers lose $116bn but play key role in disaster recovery
Despite insurers incurring the second largest losses ever at $116bn in 2011 the industry weathered 2011 well, according to the latest Swiss Re Sigma study.
EL trigger litigation: implications for insolvent insurers
Following this morning's Supreme Court judgment, the liquidators of insolvent insurers now have the certainty they sought on the correct trigger for employers' liability policies.
EL trigger litigation: implications for local authorities
Following today's Supreme Court ruling on the correct trigger for employers' liability policies, the 10 local authorities involved are entitled to indemnity from Municipal Mutual Insurance.
EL trigger litigation: implications for mesothelioma victims
The Supreme Court has finally given clarity on the meaning of the 'trigger' words in employers' liability insurance policies. Families of former employees suffering from the hideous disease of mesothelioma now have the comfort of knowing that insurance…
EL trigger litigation: the judgment
Today the Supreme Court put an end to years of uncertainty by ruling that the insurer on risk at the time of someone's exposure to asbestos is liable to pay compensation for their mesothelioma – regardless of the particular nuances of the employers'…
Argo hires ex-Brit underwriter for marine and speciality division
Lloyd's insurer Argo International has appointed Paul Gooderson as cargo underwriter in its marine and speciality division.
Catastrophe-struck Lloyd's slumps to €619m loss
Following the second costliest year for catastrophes on record for the insurance industry, Lloyd's today announced a loss of £516m (€619m) for 2011.
R&Q acquires run-off NFIL
Randall & Quilter Investment Holdings has completed the acquisition of the entire issued share capital of NFIL, a Guernsey domiciled captive insurer.
Barbon hires former Axa manager for CKW boss role
Barbon Insurance has appointed Tim Wilson to managing director of Cadogan Keelan Westall.
Riot report praises insurers for settling 90% of domestic claims, but slams police
The insurance industry's role in the 2011 riots has been largely praised by the Riots Victims and Communities Panel in its report After the Riots published today.
Lloyd's stung by £516m loss
Lloyd's has revealed a pre-tax loss of £516m in its full year results following the "second costliest year" for catastrophes in the industry.
Ageas board member and Outright founder Bright latest to join Quindell
Consultancy, software and outsourcing firm Quindell Portfolio has appointed Ageas UK board member Robert Bright to its strategy and integration advisory board.